Confidentiality and Nondisclosure Agreements
- You are soliciting investors, partners or contractors for an invention or new business idea;
- You are negotiating with a potential buyer of your business, invention or idea; or
- A contractor or employee will have access to confidential data that could be financially detrimental to your business should it be disclosed.
- A description of the confidential information so that both parties understand the scope of the agreement;
- A description of why the confidential information is being shared in this case and how it may be used. Generally, parties receiving confidential information must use it only for the limited purpose of the contract and not in any other way;
- An agreement by the parties that the information will not be disclosed during the term of the contract; and
- Other provisions as are necessary to the needs of the parties to the confidentiality or nondisclosure agreement.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
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